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Africa needs concessional financing to build resilience against shocks, experts say

With financial, health and climate shocks threatening to reverse two decades of development progress in Africa, experts have called for urgent concessionary financing to help the continent build resilience and boost economic growth. A mix of shocks including the food and fuel impact of the Russia-Ukraine war, climate change impacts, conflict, and tighter global financial

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APO Group - Africa Newsroom / Press release | Africa urgently needs concessional financing to build resilience against shocks, experts say

Africa urgently needs concessional financing to build resilience against shocks, experts say

Addis ababaAli mansoorFenohasina rakotondrazaka maretDaouda sembeneAdam elhiraikaGreen climate fundEconomic commission for africaMinistry of environmentSustainability trustGovernance divisionMelinda gates foundationInternational monetary fundAdaptation fundCatalysing accessEconomic commissionSustainability facility

Africa urgently needs concessional financing to build resilience against shocks, experts say | United Nations Economic Commission for Africa

Addis Ababa, 27 March 2023 (ECA) - With financial, health and climate shocks threatening to reverse two decades of development progress in Africa, experts have called for urgent concessionary financing to help the continent build resilience and boost economic growth.A mix of shocks including food and fuel impact of the Russia-Ukraine war, climate change impacts, conflict, and

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UNECA report reveals hope of growth for Africa s GDP

UNECA report reveals hope of growth for Africa s GDP
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In spite of economic growth recovery, Africa still needs to curb poverty and social inequality

With slower economic growth and high inflation, many African countries continue hardly to strengthen the continent's development after experiencing a series of severe and mutually reinforcing shocks.

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